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Nov 29, 2012 4:30am PST
congress will reach a budget deal to avoid that so-called year-end fiscal cliff. today we'll get data on unemployment claims, we'll get pending home sales and a revised estimate on third quarter gdp which may show the economy grew more than previously thought this summer. the dow jumped 106 points to 12,985 while the nasdaq was up nearly 24 points to 2991 on those positive comments. meantime small businesses hit it big on cyber monday. digital research firm big commerce says a surge in orders drove overall revenue for small chains and mom and pop stores up 25% over last year's cyber monday. the average order price was 8% higher. online shoppers bought so much stuff, local retailers were averaging about two orders per second. that's four times the normal daily rate. >>> you know, it seems as though every single day during the holiday season has its own title. small business saturday, cyber monday, now it's cyber week. i'm wondering if every day between now and christmas will get its own special sale name. >> that's the direction we're moving. do keep in mind i feel like i hit the lottery every day because i get to connect with you. so we'll see you soon, bertha. sharing the love. >> sorry we have to take away th
Nov 29, 2012 6:00am PST
good about the fiscal cliff. however, we got the latest numbers from stores. macy's, target, kohl's, all reporting lower than expected sales. kohl's is down 10% this morning in very active trading. >> giving away too much kohl's cash. >> apparenty. >> thanks so much. >>> a fran drescher appearance on the show. >> yeah. all right. >>> time to check the forecast right now with meteorologist christina loren. a break in the storm. >> a break in the storm. get what you need to do done right now, even if it's just walking the dog, as we have a lot more rain on the way. we want to start with this beautiful sunrise, though, what few breaks in the clouds we do have making for gorgeous conditions this morning as you make your way out the front door. this is san jose and we have a beautiful sunrise just about everywhere with pesky showers on the forecast map. for today what we're expecting, temperatures in the 60s, mostly cloudy conditions. that heavy rain arrives between 5:p.m. tonight and 5:00 a.m. tomorrow morning. we'll continue to update you throughout the "today" show every 15 minutes. l
Nov 30, 2012 7:00am PST
. >> reporter: away from the hill, vice president biden took his own steps to push for fiscal cliff compromise, stopping in d.c.'s first costco. warning the economy could suffer greatly if lawmakers can't get a deal done. he proudly flashed his store membership card. >> i went to get my wife's card, she said no, no, no, get your own. >> reporter: according to sources at the white house and on the hill, treasury secretary geithner offered a plan that includes $1.6 trillion in new taxes and $400 billion in spending cuts. it is essentially the budget proposal from last year, a plan republicans called a nonstarter. you can expect president obama to take more trips like the one he is making today to try to move the needle on these negotiations. willie? >> kristen welker at the white house. david gregory, moderator of "meet the press." good morning. >> good morning. >> if looking for reason to be optimistic a deal will be done, yesterday was not your day. by most accounts, treasury secretary tim geithner laughed off capitol hill literally by mitch mcconnell, john boehner says the white house offer is not serious. is this a breakdown in negotiation or the fir
Search Results 0 to 2 of about 3